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the Public Housing Administration to discontinue delivery; said water service to be furnished and payment therefof to be in accord­ance with flat rates, rules and regulations of Water Company on file with Nevada Public Service Commission; said agreement cancel­ing and superseding contract "N"L.D. No. 793 (Government No. WAh(D-NEV-26021)-l), entered into as of December 1, 1941, between The United States and the Water Company for water service at this location; be, and the same is hereby, ratified, approved and con­firmed. On motion duly seconded, it was RESOLVED, that the action of President and Asst. Secre­tary Bachman in executing agreement, Contract Audit No. 10446, dated March 20, 1943, between LVL&WCo., called "Land Company", and F. F. Garside and A. E. Cahlan, a co-partnership, called "Partner­ship", granting said Partnership option to purchase a parcel of land, containing an area of 35>106 sq. ft., located on Main Street, Las Vegas, Nevada, together with spur track thereon, within one year from date of delivery to Partnership of executed agreement, for the sum of $9 ,2 7 6 .5 0 , plus proportion of assessments for pub­lic improvements properly chargeable as capital expenditures, assessed subsequent to effective date of said agreement; Partner­ship, as consideration for said option, to pay to Land Co. general and special taxes, including any special district levies; said option to be exercised by delivery through escrow of purchase price and written agreement that Purchaser will promptly construct thereon a warehouse building covering ground area of not less than 10,000 sq. ft.; Land Co., through escrow, to deliver to Partnership 3-